$14 billion TikTok valuation 'doesn't make any sense,' says Jefferies' Thill

Core Insights - The valuation of TikTok in the U.S. at $14 billion is considered massively undervalued compared to other tech companies like Snap and Meta [1][2] - There is skepticism regarding the valuation, as it does not align with the market caps of comparable companies, suggesting a potential miscalculation [2] - The deal is viewed as favorable for Oracle, despite concerns about the need to recreate and retrain TikTok's algorithm, which could lead to user loss [3] Company and Industry Analysis - The ongoing drama surrounding TikTok is believed to be resolved, which may help attract more advertisers to the platform [4] - Instagram is currently dominating the social media landscape, with over 3 billion monthly active users, indicating a competitive environment for TikTok [5] - The social media market is primarily dominated by three platforms: Meta, TikTok, and Snap, with TikTok expected to find room for monetization despite Snap's struggles [6]